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Western Asset Investment Grade Opportunity Trust (NYSE: IGI) reported results from its annual meeting held April 17, 2026. Nisha Kumar, Hillary A. Sale, and Jane E. Trust were elected Class II directors through 2029. Stockholders also ratified PricewaterhouseCoopers LLP as auditor for the fiscal year ending November 30, 2026.
The Fund is a diversified closed-end management investment company managed by Franklin Templeton Fund Adviser and subadvised by Western Asset Management Company and affiliates. Hard copies of audited financial statements are available free upon request.
Western Asset Investment Grade Opportunity Trust (NYSE: IGI) reported its unaudited financial position as of February 28, 2026. Total net assets were $106.11 million and NAV was $17.70 per share. Market price was $16.46, representing a ~7.01% discount to NAV. Quarterly net investment income was $1.30 million and net increase from operations was $1.19 million. Undistributed net investment income stood at $(293,355) (approximately $(0.05) per share). Data are unaudited; the Fund files reports with the SEC.
Western Asset Investment Grade Opportunity Trust (NYSE: IGI) reported unaudited financials as of August 31, 2025. Total net assets were $104.76M versus $193.64M a year earlier. NAV per share was $17.48 and market price per share was $16.60, implying a discount of about 5%. Outstanding shares totaled 5,993,650, down from 10,848,022 a year earlier after a tender offer that repurchased 4,854,372 shares at $18.15 on October 1, 2024. Quarterly net investment income was $1.28M and net realized/unrealized gain was $2.09M. Data are unaudited; SEC filings and full reports are available on the SEC website.
Western Asset Investment Grade Opportunity Trust Inc. (NYSE: IGI) has announced changes to its portfolio management team effective August 19, 2025. The new team responsible for the Fund's day-to-day management includes Michael Buchanan, Dan Alexander, Ryan Brist, and Molly Schwartz.
The Fund trades on the New York Stock Exchange and, like other closed-end funds, its shares may trade at a discount to net asset value and are subject to market fluctuations and risk of loss.
Western Asset Investment Grade Opportunity Trust Inc. (NYSE: IGI) held its annual meeting of stockholders on April 14, 2025, announcing key leadership changes and financial oversight appointments. Carol L. Colman and Anthony Grillo were elected as Class I Directors, with terms extending until the 2028 annual meeting.
Stockholders also approved PricewaterhouseCoopers LLP as the Fund's independent registered public accountants for the fiscal year ending November 30, 2025. The Fund operates as a non-diversified closed-end management investment company, managed by Franklin Templeton Fund Adviser, (FTFA) and subadvised by Western Asset Management Company, (WAMCo) and its foreign affiliates. Both FTFA and WAMCo are indirect wholly-owned subsidiaries of Franklin Resources Inc., operating under the Franklin Templeton brand.
Western Asset Investment Grade Opportunity Trust Inc. (NYSE: IGI) has released its financial position for February 28, 2025. The Fund reported total net assets of $104,648,369, with a NAV per share of $17.46 and a market price of $16.69, representing a discount of 4.41%.
For the quarter, the Fund recorded total net investment income of $1,272,473 ($0.21 per share) and a net realized/unrealized loss of $648,126 ($0.11 per share), resulting in a net increase in assets from operations of $624,347 ($0.10 per share).
A significant development occurred on October 2, 2024, when the Fund completed a tender offer, accepting 4,854,372 common shares at $18.15 per share, reducing the outstanding shares from 10,848,022 to 5,993,650.
Western Asset Investment Grade Opportunity Trust (NYSE: IGI) has announced changes to its portfolio management team, effective January 3, 2025. The new team responsible for daily Fund oversight includes Michael Buchanan, Dan Alexander, Ryan Brist, Blanton Keh, and Molly Schwartz.
The Fund trades on the New York Stock Exchange, with share prices fluctuating based on market conditions. Like other closed-end funds, IGI shares typically trade at a discount to their net asset value, which may increase investor risk. For additional information, investors can contact Fund Investor Services at 1-888-777-0102 or visit the Franklin Templeton website.
Western Asset Investment Grade Defined Opportunity Trust (NYSE: IGI) has released its financial position as of August 31, 2024. The Fund's total net assets increased to $193,643,800 from $187,788,087 in the previous quarter. The NAV per share rose to $17.85, up from $17.31, while the market price per share improved to $17.81 from $16.85. The Fund reported a total net investment income of $2,297,018 and a total net realized/unrealized gain of $5,869,324 for the quarter. The discount to NAV narrowed significantly to -0.22% compared to -2.66% in the previous quarter.
Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE: IGI) announced the final results of its issuer tender offer for up to 100% of outstanding common shares. Approximately 4,854,372 shares (44.75% of outstanding) were tendered at $18.15 per share, equal to 100% of NAV on October 1, 2024. The Fund's total net assets post-tender offer are approximately $108.7 million. Payment for tendered shares will be made around October 7, 2024.
Following stockholder approval on June 11, 2024, the Fund will convert to a perpetual fund, eliminating its scheduled termination on December 2, 2024. The Fund will change its name to "Western Asset Investment Grade Opportunity Trust Inc." on November 1, 2024, retaining the ticker IGI. The investment manager agreed to a 10 basis point fee waiver for two years, ending June 7, 2026.
Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE: IGI) has announced details of its upcoming cash tender offer for up to 100% of outstanding shares. The offer is expected to commence around September 3, 2024, with an expiration time of 5:00 p.m., New York City time, on or about October 1, 2024. The purchase price will be 100% of the Fund's net asset value per share on the expiration day.
Key points:
- If the Fund maintains at least $50 million in net assets post-offer, it will change its name to 'Western Asset Investment Grade Opportunity Trust Inc.'
- If net assets fall below $50 million, the offer will be cancelled, and the Fund will liquidate on or about December 2, 2024
- The investment manager has agreed to a 10 basis point management fee waiver for two years until June 7, 2026